Empowerment Through Financial Literacy
- Posted In : 2021-Apr-05
Why is it important for women to be financially independent?
One may feel liberated via various means, Liberty has many forms and liberty flows through various channels. In the era where money can be produced even by your home, money is one of the mediums that bring freedom to millions and enables them to exercise their choices and be what they want to be without asking for it.
Handling life swings become easier when finances are organized. When questions come up for women, Economic or financial salvation are important, it becomes pivotal to recognize that women are already fighting to come out of old grips of civilization, financial independence is one of the steps to reach the highest stage where women are sovereign in all aspects.
To clear the fog around the importance of Financial liberty and literacy for women and why it is necessary and how it helps, it is essential
To be her own BOSS
Women have waited for a long time to be their own boss, to get freed from all the strings and chains that once held them back.
As Rousseau said “Humans are born free but are found everywhere in chains”, this better describes the current situation of women, they are on verge of attaining full liberty but are still in unseen chains of her own conditioned mindset and the remaining societal norms which hinder her growth from time to time.
Financial liberty or freedom for women comes when she gets fueled with passion for her liberation from herself and people around who try to come in between.
To become your own guide, guidance from around is crucial, as it helps gauge the right track for finances and how to manage the financial train.
Possessing financial stability fills one with confidence, as it is essential for survival and makes you live your life like a boss.
Diluting the line between dependent to Independent
For decades women have been dependent financially upon their male counterparts. But with the evolving era, education of self-reliance has increased and motivated women to earn for themselves and invest their money wisely with the right information, this journey which is ongoing from dependent to independent can be speeded if some initiatives like financial literacy programs are implemented.
When it comes to global financial literacy, 70% of women are illiterate compared with 65% of men. In India, the gap is wider, with 80% of women compared with 73% men, according to the Standard and Poor’s Ratings Services Global Financial Literacy Survey 2015.
Present initiatives like this year's theme of International Women’s Day signaled at the need of the hour- the right balance of power. Which should include financial, social, and power in all realms.
According to 2018, World Economic Forum, India ranked 139th out of 144 countries, with a 66% gender gap, in terms of economic participation.
These gaps may keep on widening if imperatives are not taken. It is time now for women to paddle their own canoe. Years of dependence have created blockages in the pattern of growth, this all can be solved with an amalgamation of society, corporates, government, and all genders to think and create space for all not for one.
Decision making – Financial independence provides women the benefits of decision making since they can choose to live by their terms, make mistakes and learn from them. As earners and spenders, it gives women the power to be active problem solvers and community builders.
Author : Jasmine Gahlot
A realistic, ardent reader and a girl who is an enthusiastic political learner
--------------------------------------------------------------------------------------------------------------
We here at Her Career foundation aim to Empower Women. We deliver programs that contribute to personal and professional development. We understand you and stand strong with you.
“By empowering women, we empower the nation.”
Visit us at: www.hercareerfoundation.org | Linkedin :
#reskilling #upskilling #womenmustask #hercareerfoundation #careerbreak #sabbatical #restartyourcareer #empoweringwomen #empowerment #planyourcareerbreak #financialindependence #hearhervoice #adverseeffectofcareerbreak
Image Credit : Unsplash